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Nonprofiteer
← SARIS BIKE PARKS FOR KIDS FOUNDATION INC

Form 990 for tax year 2024

Filed by SARIS BIKE PARKS FOR KIDS FOUNDATION INC.

Totals

Total revenue
$35,435
Total expenses
$45,647
Contributions and grants received
$16,191
Grants paid
$13,000
Program service revenue
$0
Investment income
$19,244
Other revenue
$0
Total assets, end of year
$400,266
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$400,266
Program services expenses (Part IX)
$13,000
Management and general expenses
$32,647
Fundraising expenses
$0
Program service expenses (Part III)
$13,000

Program services were 28.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $16,191

  • 3 · Investment income

    total $13,756 · excluded $13,756

  • 7a · Gross sales of assets other than inventory

    securities $34,833

  • 7b · Less cost or other basis and sales expenses

    securities $29,345

  • 7c · Gain or loss

    securities $5,488

  • 7d · Net gain or loss

    total $5,488 · related or exempt $5,488

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,000 · program services $13,000

  • 11a · Fees: management

    total $20,000 · management and general $20,000

  • 11b · Fees: legal

    total $1,870 · management and general $1,870

  • 11f · Fees: investment management

    total $3,663 · management and general $3,663

  • 11g · Fees: other

    total $53 · management and general $53

  • 12 · Advertising and promotion

    total $2,255 · management and general $2,255

  • 13 · Office expenses

    total $312 · management and general $312

  • 16 · Occupancy

    total $3,600 · management and general $3,600

  • 19 · Conferences, conventions and meetings

    total $210 · management and general $210

  • 24a · Other expenses: MEMBERSHIPS

    total $545 · management and general $545

  • 24b · Other expenses: BANK & CREDIT CARD FEES

    total $114 · management and general $114

  • 24c · Other expenses: ANNUAL REPORT FEE

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,388 · end of year $3,649

  • 2 · Savings and temporary cash investments

    beginning of year $109,718 · end of year $117,132

  • 11 · Investments: publicly traded securities

    beginning of year $275,503 · end of year $279,402

  • 15 · Other assets

    beginning of year $123 · end of year $83

  • 27 · Net assets without donor restrictions

    beginning of year $397,732 · end of year $400,266

Mission and programs · 2024

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ASSIST MUNICIPALITIES AND OTHER NONPROFIT ENTITIES IN DEVELOPING BIKE, SKATEBOARD AND OTHER RECREATIONAL PARKS FOR USE BY CHILDREN AND ADULTS. IN DEVELOPING THE PARKS, THE ORGANIZATION WILL ASSIST WITH RAISING OR PROVIDING GRANTS TO THE MUNICIPALITY, AS WELL AS PROVIDING ASSISTANCE FOR THE DEVELOPING ORGANIZATION WITH ANY OTHER ASPECTS OF THE PARKS THEY DESIRE.

Activities or mission (Part I)

ASSIST MUNICIPALITIES AND OTHER NONPROFIT ENTITIES IN DEVELOPING BIKE, SKATEBOARD AND OTHER RECREATIONAL PARKS FOR USE BY CHILDREN AND ADULTS.

  • FUNDING BIKE PARK PROJECTS IN NEIGHBORHOOD SPACES, TO SERVE UNDERREPRESENTED KIDS, TEENS AND YOUNG ADULTS. PROVIDE RESOURCES AND GUIDANCE TO ASSIST WITH THE PROCESS OF INCOPORATING BIKE PARKS INTO PUBLIC PARKS. IN 2024 SARIS BIKE PARKS FOR KIDS PROVIDED SUPPORT TO THE MADISON PARKS FOUNDATION IN MADISON WI TO BE USED FOR THE MADISON SKATEPARKS FUND. THE FOUNDATION ALSO SUPPORTED BIKES FOR KIDS WISCONSIN WHICH IS DEDICATED TO PROVIDING BICYCLE-BASED TRANSPORTATION TO THOSE MOST IN NEED.

    Expenses $13,000 · Grants $13,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher Fortune

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Meanwell

    DIRECTOR BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Allen Arntsen

    DIRECTOR BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Patrick Remington

    DIRECTOR BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Susan Schmitz

    DIRECTOR BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Gary Peterson

    DIRECTOR BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Dave Cieslewicz

    DIRECTOR BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202511359349314826

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